Struggling Pizza Hut chain to be sold for $2.7B by Yum! Brands

Yum! Brands is moving to offload its struggling Pizza Hut chain for $2.7 billion to private equity firm LongRange Capital, marking a significant strategic shift. This decision underscores the company's focus on streamlining operations and prioritizing its more profitable brands. The sale could signal a broader trend of restaurant chains looking to cut costs and enhance profitability amid competitive pressures and changing consumer preferences. It's a notable move that could reshape the landscape of the fast-food industry.